Departmental Auditor would be looking forward to these Documents, Returns and things while doing audit. 1. List the documents required for Audit? Following are the documents which a tax authority can seek while audit by them: I. Financial statements 1. Balance Sheet 2. Prof...
Basis Audit by Tax Authorities Special Audit Applicable SectionSection 65 Section 65 Applicable Rule Rule 101 Rule 102 Other Applicable SectionsSection 70 & 71 to give evidence or to produce a document or any other thing. Section 73 & 74 ...
Special Audit under section 66 of CGST Act, 2017 read with rule 102 of CGST Rules, 2017, Power to summon person to give evidence and produce documents under section 70 of CGST Act 2017 & Access to business premises under section 71 of CGST Act 2017. 1. In what circumstances, Spec...
GST Audit by tax authorities u/s 65 of the CGST Act, 2017 - Meaning, Definition, Purpose, Scope, Legal authority, Powers of Officers, Timelines and process after completion of audit. 1. What is the meaning of Audit? Audit’ implies – Detailed examination of i. Records,...
Circular No: 140/10/2020 – GST dated the 10th June, 2020 stating Clarification in respect of levy of GST on Director’s Remuneration. This circular has cleared all the...
Honourable Gujarat High Court on 24/07/2020 in case of writ petition filed by VKC Footsteps India Pvt. Ltd. V Union of India & 2 others, directed to allow the claim of the refund considering the unutilized input tax credit of “input services” as a part of net ITC for the purpo...
